Kosovo* Sustainable Energy Projects (KoSEP)
Short description of the overall project
The EBRD has set up a framework operation of EUR 12 million to support private SME and residential sector sub-borrowers in undertaking energy efficiency and renewable energy investments in Kosovo. The Framework is the first of this kind in Kosovo and demonstrates the benefits of rational energy utilisation for SME and residential sector in light of the rising energy costs in the country and of energy efficiency and renewable energy loans, as well as contribute to building relevant expertise at partner financial institutions.
Short description of activities financed by the donation
The framework comprises of senior loans to Participating Financial Institutions (“PFIs”) in Kosovo and promotes energy efficiency and use of renewable energy resources in Kosovo.
The facility is supported by a grant from the European Union through 2008 Kosovo IPA Programme. The EU grant funds technical assistance and incentives to end-borrowers.